DLF Limited has executed agreements to sell its IT/ITES SEZ undertaking and a land parcel in Kolkata to Srijan Group for a total consideration of approximately ₹669.86 crore. The transactions include the sale of the DLF TechPark II SEZ and approximately 17.75 acres of vacant land. The deals are subject to customary closing conditions and regulatory approvals. This move aligns with DLF’s strategy to optimize its portfolio and enhance shareholder value.
Kolkata Asset Divestment
DLF Limited has finalized agreements to sell its IT/ITES SEZ undertaking and a vacant land parcel located in Kolkata. The transaction was executed on February 3, 2026, with Srijan Group, a real estate developer, as the buyer.
Details of the Transaction
The transaction encompasses two primary components:
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Sale of DLF TechPark II, an IT/ITES SEZ undertaking, along with a freehold land parcel admeasuring approximately 8.15 acres. The property has a gross leasable area of approximately 1,054,357 square feet. The consideration for this component is approximately ₹409.86 crore.
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Sale of a vacant land parcel admeasuring approximately 17.75 acres. The consideration for the land parcel is approximately ₹260 crore.
Financial Impact
The total consideration from these transactions amounts to approximately ₹669.86 crore. The turnover of the Kolkata IT/ITES SEZ business for FY 2024-25 was ₹66.88 crore, representing approximately 1.49% of the company’s total turnover.
Transaction Completion
The consummation of both transactions is subject to the fulfillment of specific conditions precedent, including obtaining relevant regulatory approvals.
Strategic Rationale
The divestment aligns with DLF’s broader business strategy to optimize its portfolio and enhance shareholder value. The company continuously evaluates its assets and explores opportunities to maximize returns and focus on core areas of growth.
Source: BSE
